In the race to build an
Councilman Scott Sherman, who represents Mission Valley, presented details Wednesday of his River Park Stadium Vision. He said he will present his proposal to the mayor's stadium advisory committee, which has set May 20 as a deadline to release its proposal for how to pay for a stadium in Mission Valley that could easily exceed $1 billion.
San Diego has been scrambling to catch up with planners in Inglewood and Carson and find a way to keep the
At a news conference outside
But Sherman's idea had something different than the other two cities: a promise that voters will get to decide on the project, whatever its financing.
"The voters should have a say-so," Sherman said.
Sherman's proposal could include a replacement for Qualcomm Stadium, along with a 20-acre park beside the San Diego River and up to 3 million square feet of office space, 6,000 residential units and a 300-room hotel – all on the 166-acre site owned by the city.
Sherman was joined by former Chargers star
Land sales to developers could raise between $336 million and $593.9 million, Sherman said. Add to that sum, naming rights, an NFL loan, a Chargers contribution, and personal seat licenses, and the city would be well on its way to paying for a new stadium, Sherman said.
The average public contribution for 23 stadiums built since 1997 has been $248 million, Sherman said. The projected land sales in Mission Valley "fits squarely within the historical public contribution."